Rent Collection. Subject to the Loan Compliance Requirements and any "Cash Management System" (as hereinafter defined), Manager shall use diligent efforts to collect for the account of Owner all rents and other charges which may become due at any time from any tenant or from others for services provided in connection with or for the use of the Project or any portion thereof, and as directed by Owner, shall institute collection and legal proceedings in the name of Owner for the collection thereof and for the dispossession of tenants and other persons from the Project. All attorneys' fees (including charges and disbursements incurred by counsel) and other third party out-of-pocket costs incurred in connection with such proceedings shall be borne by Owner. Manager shall collect and identify any income due Owner from miscellaneous services provided to tenants or the public including, but not limited to, parking income, tenant storage, and coin operated machines of all types. Notwithstanding the foregoing, Manager shall collect rents and deposit same or cause rents to be collected and deposited in the manner required by the Loan Compliance Requirements.
Rent Collection. To collect rents due or to become due; to serve in the name of the Owner such notices as are deemed necessary by Manager to institute and prosecute actions, to evict tenants and to recover possession of said premises; from time to time to make rules and regulations pertaining to tenants and to enforce the same and all other lease provisions; to advise Owner of tenant complaints and steps taken to remedy the same; to sxx and recover rents and other sums due; and, when expedient, to settle, compromise and release such actions or suits or reinstate such tenancies.
Rent Collection a. Collect and deposit rents daily.
b. Aggressively pursue delinquent accounts and issue all notices in a timely fashion.
c. Maintain and post resident ledgers and CRJs.
d. Never accept cash.
Rent Collection. If this Lease is assigned or if the Premises or any part thereof is sublet or occupied by a person or entity other than Tenant, Landlord may, after default by Tenant, collect Rent from the assignee, subtenant or occupant and apply the net amount collected to the Rent herein reserved, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of any of Tenant's covenants contained in this Lease or the acceptance by Landlord of the assignee, subtenant or occupant as Tenant, or a release of Tenant from further performance by Tenant of the covenants of Tenant herein contained.
Rent Collection. BEVEN & XXXXX RENTAL DROP BOX IS AVAILABLE EVERY DAY. ALL RENTS ARE DUE-IN- FULL on the 1st CALENDAR DAY of each month, and are considered LATE IF NOT RECEIVED BY THE 1st. However, for your convenience we observe a grace period until 5:00 p.m. on the 3rd CALENDAR DAY of the month. A SERVICE CHARGE of $40.00 is charged for the special handling involved with rents RECEIVED after 5:00 p.m. on the 3rd of the month. We do take “on time” payments seriously, so frequent late payments or failure to pay incurred late fees could result in you being asked to move. No post dated checks. For your safety and ours, please do not attempt to pay rent in cash. Your ACCOUNT NUMBER (stated above) must appear on ALL payments. ALL RETURNED CHECKS will be treated as LATE PAYMENTS subject to the $40.00 SERVICE CHARGE PLUS A $20.00 BANKING CHARGE ($60.00 total). If a check is returned to this office for INSUFFICIENT FUNDS, we may no longer accept your personal checks. If any legal action is brought by either party to enforce any part of this lease, the prevailing party shall recover in addition to all other relief, reasonable attorney fees (not to exceed $1,500.00) and costs. Lessor reserves the right to initiate dispossession proceedings by service of a 3-DAY NOTICE on the 2nd calendar day of any month for non- payment of rent. Payments received will be credited first against outstanding fees, charges, or rents and then against current fees, charges, or rents. RENT PAYMENTS should be made payable to BEVEN & XXXXX, and either mailed to X.X. Xxx 0000, Xxxxxxxx, XX. 00000 or delivered to the office at 00 X. Xxxx, Xxx.000, Xxxxxxxx, 00000. If there is a resident manager at your building, the rent may be given to the manager up to 8:00 p.m. on the FIRST. After the FIRST, delivery is YOUR responsibility.
Rent Collection. Manager shall collect the Rental Receipts from Property tenants and the applicable security and other deposits from Property tenants and deposit the same in the applicable accounts as set forth herein. If and to the extent Manager determines that it is necessary and advisable to engage a Vendor to provide rent collection services for past due rents, Manager may engage such Vendor in Manager’s name only with express written consent from Company, provided, that Manager shall upon request provide Company with collection reports detailing rents collected and shall, to the extent that this Agreement expires or is earlier terminated, cooperate with Company to transfer all documentation related to the collection services provided by Vendor to Company for Owner’s records.
Rent Collection. Manager shall promptly collect all rents and other charges for services provided in connection with the use of each Property. All monies collected shall be promptly deposited in accordance with Company’s requirements as set forth herein. Manager may where it determines it is required and in Owner’s best interest: (a) terminate tenancies with respect to any Property, (b) sign and serve, in Manager’s capacity as agent for Owner such notices as are deemed necessary by Manager, (c) institute and prosecute actions and evict residents of any Property, (d) recover rents and other sums due by legal proceedings, and (e) settle, compromise, and release such actions or suits, or re-institute such tenancies. Reasonable attorneys’ fees, filing fees, court costs and other necessary expenses incurred in connection with such actions and not recovered from residents shall be paid out of the Operating Account. Manager may select the attorney of its choice to handle such actions.
Rent Collection. The Agency will produce a Landlord statement showing a clear breakdown of all rental income received minus any items of expenditure, paying over the net balance to the Landlord by BACS. Landlord statements will be produced as close to the first working day of each calendar month.
Rent Collection. No employee as part of his/her usual and regular duties shall be required to collect rent.
Rent Collection. We will collect monthly rents with payments to you within 9 working days of receipt less any fees or expenses due or incurred for the period. Payments will be made by direct bank transfer. We will aim to increase the passing rent annually on or around the anniversary of the let unless the market dictates otherwise or unless the landlord specifically instructs us not to do so. We will prepare and send rent statements outlining income and expenditure via email wherever possible. We will issue rent demands for late payments and notify you as appropriate of rent arrears.
